BISYS Sells Educational Services Unit to
Kaplan

BISYS, a provider of outsourcing solutions for the
financial sector, had said on March 31 in a
news release
that it intended to sell the unit. On Thursday, both
Kaplan, a provider of educational services, and BISYS said
that the unit – which provides licensing education and
compliance solutions for financial firms and professionals
– announced the sale.

The deal is still subject to normal closing conditions;
both companies expect the deal to close in the next several
weeks.

“In an increasingly complex regulatory
environment, our institutional customers require
strategic, tailored solutions,” said Andrea Mainelli,
Kaplan Professional Senior Vice President and Chief
Operating Officer, in a press release. “We can now offer
a single source for all their education and compliance
needs.”